06/08/2026
Pursuant to s 57 of the Federal Court of Australia Act 1976 (Cth), the Federal Court of Australia has the power to appoint a receiver on terms and conditions it thinks fit where it is just or convenient to do so.
However, this power is generally exercised cautiously and as a ‘last resort’ in circumstances where a more cost-effective means of enforcement is not otherwise available or practicable.
The case of Scott (Trustee), in the matter of Stolyar (Bankrupt) v Stolyar (No 5) [2024] FCA 37 offers some insight into the basis of the Court’s statutory power to appoint a receiver to real property to recover an unsecured judgment debt and the matters which the Court will consider in making such an appointment
Read our article on the case, published to Mondaq:
Federal Court of Australia does not possess an inherent jurisdiction in the same sense as the State Supreme Courts.